Multicoin Capital has sold approximately 10% of its HYPE holdings, reducing its position to around $90.5 million. The firm previously accumulated about 4 million HYPE tokens. Despite the sale, HYPE remains its largest on-chain asset, according to Arkham data.
Multicoin Capital Reduces HYPE Position by ~10%
Multicoin Capital has recently sold another 10% of its HYPE token holdings, according to data from Arkham. The sale leaves the firm with a HYPE position valued at approximately $90.5 million, which remains its largest on-chain holding.
The firm had previously accumulated around 4 million HYPE tokens. The latest reduction continues a trend of gradual selling, though exact details on future plans remain undisclosed. Market participants are monitoring the whale's movements closely.
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